Safety With a Tax Deduction
April 2012 by Mark E. BattersbyAs an employer, every mining operation, large or small, is responsible for protecting the safety and health of its employees. Safety is also good business. An effective safety and health program can save $4 to $6 for every $1 invested. It’s the right thing to do, and doing it right pays off in lower costs, increased productivity, and higher employee morale.
While present official numbers remain quiescent at below 2%, we strongly believe the seeds of future inflation have now been laid via virtually unlimited currency creation by various central banks around the globe.
This past month has been filled with headline-grabbing news events and, for a change, it was not only politics that dominated those news stories, but rather financial markets themselves, with gold and mining shares grabbing a major share of attention.
Another potential problem is the body of regulations imposed by the Paris Climate Accord that President Trump had negated but which President Biden has immediately rejoined.
The great question now is whether the correction that followed was an end to that bull market—or just a lengthy corrective phase prior to another important bullish move. Let’s turn to technical analysis of the chart for a possible answer.
Just as we were sitting down to write this column, a political bombshell was released when Rick Santorum announced he was terminating his efforts to win the Republican Presidential nomination, virtually assuring the nomination will be to Mitt Romney. The remaining candidates, Ron Paul and Newt Gingrich appear to have no realistic chances.
There is no question the economy will not always be as good as it is now. There is also no doubt that someday the lack of exploration and the ore in existing mines running out will come home to roost.
The Bawl Mill • Ask the Experts • Ask the Experts • Prospecting Homonyms • Revisiting an Old Mine in Idaho Reaps Rewards • Today's MSHA • Following Clues to a Lost Gold Deposit—The Northern Extension of the Cedarberg • Bering Sea Gold—Part I • Who Says You Have to Own a Claim to Find Gold? • US Policies Holding Back Arizona • Judge Gives OK to Nevada Mining Tax Initiative • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices